ABSTRACT
This chapter provides valuable advice for the performing artist such as an actor, dancer, lighting guru, costumer, or stagehand, on investing, saving, and building a diversified and stable financial portfolio. It also provides unique strategies for integrating financial awareness and planning into the life as an artist, and how that can help to provide a better sense of financial security. Banks are either publicly held companies, meaning that they are owned by shareholders, or private companies. Banks, like all companies, exist to make a profit. Credit unions, on the other hand, are organized as not-for-profit entities that are owned by the members of the credit union itself. The chapter provides a comparison of banks and credit unions based on safety, rates and fees, convenience, and education. Credit unions only accept members who fit the criteria for which they have been set up, i.e. union members, workers at certain companies, members of specific churches, etc.
